147 W Richmond Ave,Richmond, CA 94801
Richmond, CA 94801
Description
147 W Richmond Ave presents a rare investment opportunity to acquire a well-maintained, income-producing mixed-use asset with strong upside and classic architectural charm. This 12,000 sq ft, three-story building (with a partial basement) features five ground-floor commercial suites totaling 3,120 sq ft, providing steady retail or office income. Above, the second and third floors house 14 fully renovated residential unitsincluding 10 one-bedroom/one-bath units and 4 two-bedroom/one-bath unitsoffering multiple, reliable revenue streams. The current ownership has completed a comprehensive modernization of all residential units while preserving character-rich details like exposed brick walls. Interior upgrades include new flooring throughout, stylish shaker cabinetry and solid surface countertops, updated appliance packages, contemporary bathrooms with new walk-in showers, sinks, and toilets, dual-pane windows and new entry doors, and upgraded electrical sub-panels in each unit. Common areas have also been improved with new carpeting, lighting, and windows, along with thoughtful amenities such as an indoor bike rack and a refreshed on-site coin-operated laundry room. Each unit is individually metered for gas and electricity, and tenants are billed back for a portion of shared utilitiesminimizing operating costs and increasing net income.
Details
| MLS # | 41136892 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1914 |
| Days On Site | 87 |
| Listing Provided By | NAI Northern California | Ethan Berger |
Features
| Units | 19 |
|---|---|
| Acreage | 0.11 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Gas Water Heater, Dryer, Washer |
Exterior
| Construction Materials | Brick |
|---|---|
| Lot Features | Street Level |
Area Information
| State | CA |
|---|---|
| County | Contra Costa |
| City | Richmond |
| Zip Code | 94801 |
| Community Name | DOWNTOWN POINT |
| Listing VS Median (in DOWNTOWN POINT) | |
Price: $3,850,000 low | high Med: $0 On site: 87 low | high Med: | |
Market Activity 94801
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Contra Costa |
| City | Richmond |
| Zip Code | 94801 |
| Community Name | DOWNTOWN POINT |
| Listing VS Median (in DOWNTOWN POINT) | |
Price: $3,850,000 low | high Med: $0 On site: 87 low | high Med: | |
